China and Emerging Markets

Wall Street was up, down, up and finally down last night. Dow closed down 82.

Stocks shrugged off a mixed morning, lifting on better than expected consumer sentiment and sound, if not solid, corporate reporting.

Opinion is growing that copper’s strong rally is all just a mirage. But not everyone agrees.

It was onward ever upward last night as the Dow added almost another 100.

The latest batch of economic data releases have kept hopes alive China might be on the road to economic recovery.

A less bad Beige Book sparked a 100 point rally in the Dow as base metals prices soar.

Wall Street fell last night on the back of lower retail sales figures which were expected to be higher. Dow down 137. (Locked for subscribers until 10:00 AEST)

Westpac believes China might eventually achieve its 8% growth target, but more likely in H2 2010 than this year.

Standard Chartered suggests the Chinese stimulus package will help but won’t push commodity prices significantly higher, though there are still opportunities in the sector according to Deutsche Bank.

One of the world’s largest holders of US dollar assets will press for a move away from the dollar at the upcoming G20 meeting.